Skip to main content

Business Rebates

Save on Space and Water Heating Equipment for Your Business

Improving energy efficiency at your commercial facility, school or business is one of the easiest ways to reduce operating costs. New Mexico Gas Company offers instant rebates when you replace old space and water heating equipment. Your participating contractor or distributor will even complete the installation and paperwork.

Find Contractors

 

Benefits of Replacing Space and Water Heating Equipment

Making energy-saving upgrades now will help increase your bottom line and lower your energy costs for years to come, plus:

1

Reduce Overhead

Spend less on your operating costs.

2

Improve Comfort

Enhance the environment for customers and employees.

3

Decrease Maintenance

Save time and money with fewer maintenance needs and unexpected downtime.

4

Increase Efficiency

Save energy with reliable, high-efficiency equipment.

5

Instant Rebates

Instant rebates are available on high-efficiency equipment when you have a participating contractor or distributor install your equipment.

How It Works

High-efficiency space and water heating equipment must be purchased on or after April 1, 2023 and installed by March 31, 2024. Rebate applications must be received by April 30, 2024. See Program Terms and Conditions for additional details.

 

Space Heating Available Rebates
Equipment TypeEfficiency RatingInstant Rebate Amount
Gas Furnaces
FurnacesUp to 225 MBH, AFUE ≥ 95%$324
FurnacesUp to 225 MBH, AFUE ≥ 96%$375
Gas Boilers
Hot Water Boilerup to 300 MBH, AFUE ≥ 85%$90
Condensing Boilerup to 300 MBH, AFUE ≥ 92%$240
Hot Water Boiler300–2500 MBH, AFUE ≥ 83%$630
Condensing Boiler300–2500 MBH, AFUE ≥ 92%$1,680
Hot Water Boiler> than 2500 MBH, AFUE ≥ 83%$1,350
Condensing Boiler> than 2500 MBH, AFUE ≥ 92%$3,600
Combination Boiler/Water Heater Gas Boiler Rebate + Gas Tankless Rebate

 

Water Heating Available Rebates
Equipment TypeEfficiency Rating (UEF)Instant Rebate Amount
Gas Storage Water Heaters/td>
Small Storage Water Heater40–75 MBH, EF ≥ 0.80$115
Large Storage Water Heater75–300 MBH, EF ≥ 0.90$300
Large Storage Water Heater75–300 MBH, EF ≥ 0.95$330
Gas Tankless Water Heaters
Small Tankless Water Heater(50–200 MBH, EF ≥ 0.87)$300
Large Tankless Water Heater200–300 MBH, EF ≥ 0.90$480
Large Tankless Water Heater200–300 MBH, EF ≥ 0.94$600

Customers who receive natural gas service from New Mexico Gas Company, as evidenced by the New Mexico Gas Company commercial customer account number, are eligible.

How to Participate

Improve energy efficiency at your business in four easy steps:

2

Work with your participating contractor or distributor to identify the best, energy-efficient equipment for your business’s unique needs

3

Choose your upgrades and have your participating contractor or distributor perform the installations

4

Your NMGC instant rebate will be reflected on your invoice